I chatted with you for a while today. In the group, some friends often asked me, how can I make a fortune in the cryptocurrency circle? In 2023, how can ordinary people quickly turn over in the cryptocurrency circle, make a fortune, and make a lot of money? Before starting today's video, let me tell you that if you are someone who wants to invest 100 yuan today and make 10,000 yuan or 100,000 yuan tomorrow, you should close this article quickly, it is really not suitable for you.
The most realistic problem in the cryptocurrency world is that this should be the only chance for most of us ordinary people to overtake others in our lifetime. This is an opportunity given to us by the times. Now all industries and tracks have been monopolized by capital giants. If you want to rely on technology and your brain to leverage greater wealth opportunities, the possibility is very, very low. So choice is more important than hard work. Getting up and working every day will not make you rich, but will only satisfy your basic needs.
What we do is to make a small investment for a big investment. The cryptocurrency industry has just given us this opportunity. I personally feel that the cryptocurrency industry is the last chance for us poor people, so those who want to make money must seize this once-in-a-lifetime opportunity. This may be the only chance for ordinary people like us to change our fate, and it may be fleeting. If you often hang out in the cryptocurrency industry, how can you not get beaten? There are so many opportunities to make a fortune in the cryptocurrency industry. Of course, there are also so many pitfalls, especially for the various great gods in the cryptocurrency industry. Naturally, there are competitions everywhere, and there is no shortage of stories of getting rich quickly. Last year's single FTX incident on Binance also killed many big figures who were in the forefront, such as the 90s god comrade with curly hair and afro who died heroically. Newcomers, especially those whose hair has not grown out and who don't know how to make wool.
The first batch of people who have just entered the circle, after seeing the successful counterattack cases of losers on TV or APP, they feel like they are the protagonists of the story, and they fantasize that if they enter with 100 yuan, at least they can add a few more zeros to the end, such as the person below, who turned 30,000 yuan into 15 million in a month. Is it possible? Is it realistic? If you have moved bricks on a construction site, you know that this stuff is pure nonsense.
If you believe in movies, novels, and screenshots, you are no different from those cute little ones. It is very, very difficult for ordinary people to get rich in the cryptocurrency circle. Even if you are the Monkey King, if you encounter a sickle, you have to stretch your neck and let them cut it. The recent popular movie "Boom" has Gao Qiqiang's words only live in the TV series. In reality, you have to kneel down. Old friends all know. In my opinion, in the cryptocurrency circle, except for hoarding coins, everything else is a crooked way. It's only a matter of time before you die. Ordinary people like us can just smoke one less pack of cigarettes a month, take a little extra money, take a little spare money, and hoard coins with the big team.
How to hoard coins in the cryptocurrency circle? If you are a newcomer, just look for the big boss Bitcoin. Don't listen to other people's nonsense. My coin is a hundred times coin, and it will be a ten thousand times coin in the future. These things are all things that will kill you. Of course, if you want to develop in the cryptocurrency circle for a long time, you must copy it later and put most of your money into the altcoin. How to choose altcoin assets? How to layout? When to open a position? When to exit the position? In the next video, I will tell you carefully, if you have enough funds, how should you operate? If you have less funds, how should you operate? In a word, in the cryptocurrency circle, if ordinary people want to make money, you just need to hoard coins.
Recently, there are a lot of newbies in the group. There are always people who are better than you. One of my friends spent all his money on his house and got more than 2,000 W to enter the cryptocurrency circle. Then he came to ask specifically, what coins to buy, how to invest? What coins should I hoard? If you are a newcomer, just look for the big cake. Believe me, if you hold the big cake today, you will not be able to eat it all tomorrow. If you want a little excitement, it is recommended to take some altcoins, but the proportion of big cakes must be the highest, because it can keep you alive at the critical moment. The choice of altcoins is also a very test of experience and market cognition. If you can't do it, it is recommended that you give up directly. Many friends may ask, then when will I sell it after I buy it? Before talking about this question, think carefully, has there been smoke coming out of your ancestral tomb, or, have your ancestors ever produced prime ministers or generals? Or, have your ancestors ever produced big figures who kicked Ultraman or punched Sun Wukong? If none of them, it means that you don't have a good ancestor to bless you to make a fortune in the cryptocurrency circle.
You need to get rid of the idea that you can buy at the bottom, buy at the lowest price, and sell at the highest price. If you can complete the position building in the bear market, you can outperform 99% of people, provided that the coins you buy will not return to zero. In other words, if you buy in the bear market, it is OK to sell at any time in the bull market. The most scientific method is to buy 40% according to your mental price, and then add positions on dips to lower the cost, buy more when the price drops sharply, buy less when the price drops slightly, and buy more when the price drops sharply. Some people may say that if the price rises, you don’t have to buy it, and the money will not be lost. Anyway, we have 40% of the bottom position, so what are we worried about? When the bull market comes, we can sell it. The same principle applies to selling and buying. We all need to place orders in batches, 40% of the psychological price, and the rest will be sold slowly. Some people may ask when the bull market will start. Don’t worry, the news media will tell you at that time. By then, there will be a lot of news about how much Bitcoin has surpassed, how much it has reached in history, and so on. Next, I will give some suggestions and advice to the new friends. My own seven rules for hoarding coins.
The first is fixed-amount investment. Holding coins is king. Fixed-amount investment does not include unlimited additional investment. Why fixed-amount investment? Once many people get on board, especially when the market plummets, they like to go all-in. We must prohibit such gambling behavior. The reason is simple. There is never a lack of opportunities in the market. What we need to do is to take a longer-term view and cultivate our own system mentality so that we can work with the market. Our ultimate goal is to become formal, not a dirt road, let alone a bandit. You must remember that your position is an investor, not a speculator.
The second is the mentality. First, according to your own funds and thinking, choose some currencies, buy them and leave them, never look back, let alone thinking that you can buy at the bottom, and don't think about watching the market every day. What we need to do is to read more and learn more. Only by reading more and learning more can we earn more.
The third is to improve configuration. Don't invest heavily. You can't unify according to your own preferences. No coin is worth investing heavily. Except for Bitcoin, we have a little layout in various fields. As for which currency we choose, my personal suggestion is that you choose the leading one. You can choose the leading one in each track according to your own preferences. For example, AI, privacy, storage, etc. We choose from all aspects.
The fourth is that after making a profit, we must sell our principal first, so that we can ensure that our principal will not be lost. Don't hesitate when selling.
The fifth is that holding coins is king. Insist on having multiple values. You don’t have to hold all the coins with no value. You can freely match them according to your own strength. But once you have made a choice, don’t hesitate or regret it. We just need to hold them firmly.
The sixth is not to chase the rise and sell the fall. When you can't help it, don't look at the market or the news. We can just uninstall the software. The best mentality for cryptocurrency traders is to buy and leave, and then wait patiently.
The seventh is risk control. We must have awe for this investment and be cautious. When investing with spare money, never borrow money to invest. Short-term profits are hard to come by. Of course, we must not gamble. The so-called "working hard after losing" is just empty talk.
I currently have 6 bits, how many do you have?